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20121005
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Search Results 0 to 32 of about 33 (some duplicates have been removed)
. >> today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> so john harwood, before we talk about this back and forth, i want to talk about the psychological impact of the rate falling below 8% today. >> it's positive for obama and say that the rate is where it was when i took office. i don't think we should be under any illusions. 7.8% is a high unemployment rate, weak economy. it is a talking point for the administration, and it will get a lot of media attention. it doesn't change the underlying economic reality facing americans, which is not good. >> the labor department lsd employers added 114,000 jobs in september. the goal would have been around 150,000, 155,000, right john? >> exactly. there were upward revisions from the month of august, which is positive for the administration. generally speaking as one labor economist told my colleague"th,n economy with three speeds, slow, idle and reverse. we're in slow mode right now, and this report reflects it. >> let's brin
this is not what a real recovery looks like. the labor department reports the economy added a seasonally adjusted 114,000 jobs last month which brought down the jobless rate to an unexpected 7.8 percent. here is a look at the unemployment rate since 28 state. the gray area on the left is the president since the recession. the rate has not been this low sin the inauguration in january of 2009. of course, this could be a potential boost to the president's campaign. no incumbent since the great depression has beenwith unemplo8 percent. the president said the economy is moving forward and suggested governor romney's policies would spark another financial disaster. >> we made too much progress to return to the policies that led to the crisis in the first place. i cannot allow that to happen and i won't allow it. >>trace: governor romney downplayed the new jobs numbers. he wrote in a statement and i quote, "this is not what a real recovery looks like. we created fewer new jobs in september than in august and fewer jobs in august than in july. we have lost over 600,000 manufacturing jobs since president
on the campaign, but the public sort of is already absorbed the economy through their own prism. >> we are keeping our eye on two different things. we will get reaction from the president who will speak live at george mason university, and then mitt romney will kick off a campaign event within the hour as well in the southwestern virginia town of of aiavington. 86,000 more jobs added in july and august than previously thought. total unemployment rose by 873,000 jobs last month. that is the biggest one-month increase in nearly 30 years. will these new numbers mean lights out for romney's post debate afterglow? new ads kat aare catered to cri inting states. joining me live is jan schakowsky. congresswoman, it's great to have you here. business pioneer jack welch basically calls these numbers into question. had this remark that he tweeted out earlier today saying, unbelievable jobs numbers. these chicago guys will do anything, can't debate, so change numbers. what do you say to that? even the white house though right now this morning reluctant to spike the football on this. in their statement saying
this insane claim making about how one candidate or another is going to transform this economy. we heard romney the other night. he's got no transformational ideas except trickle down economics which we've seen doesn't work. we're not going to have miracles here. we need steady leadership, and whoever can provide that and be honest with the american people about steady leadership in terms of recovery and how he is going to do it as president ought to be the president. but enough of this rhetoric. >> to your point that the truth is important after these jobs numbers came out, jack welch tweeted, unbelievable jobs numbers. these chicago guys will do anything. can't debate so change the numbers. they are saying, rana, that these numbers were manipulated. >> that's nonsense. come on. >> if they were manipulated he would have boosted the manufacturing numbers. they were still down. these were mostly gains in health and education. i'm hopeful actually that the ticking down of the unemployment figure will make it a little easier to come to the kind of grand bargain we're going to need to come t
's talk numbers, facts, sheer numbers and what they s about our economy today. >> you actually put the perfect point on it. 114,000 jobs created doesn't blow the lights out. the unemployment rate dropped from 8.1% to 7.8%. it is interesting. i have long said, ashleigh, don't pay attention to the unemployment rate, it measures a different thing every month. it is not a consistent measure from month to month. we look at how many jobs are created or lost. and it is sentimental. if there are 114,000 jobs created, it may mean wages are going up you see that on the right side of your screen. you can see compared to the last four years, it is better than it was four years ago. not as good tass was in certain parts of 2010, late 2011 and the beginning of this year. this is nothing to crow about on either side. but it is right where we thought it would be, the surprise is the unemployment number. i'll tell you one other thing, ashleigh, we revise prior months, so july and august, we ended up gaining 86,000 more john jobs than we thought we had. >> there is a bit of a change. i get it, data
of our economy. governor romney quickly issuing a statement saying, this is not what a real recovery looks like. meanwhile, we are awaiting, we're awaiting remarks from president obama. both presidential nominees are campaigning in the battleground state of virginia today. we are closely monitoring these events. we'll bring you the very latest developments. back to all of that in just a moment. but first, brand new stories and breaking news. jenna: new developments on a deadly meningitis outbreak putting nearly half of all states on alert with fresh concerns that more people may be at risk. we're going to have the latest on this health scare and also new questions being raised by certain medication. you're going to want to hear that. >>> also a major airline scrambling to fix a problem that could be very dangerous at 35,000 feet. american airlines canceling dozens of flights ahead of the holiday weekend. wait until you hear why. >>> also this is not a knockout for the justice system. what prompted this guy to attack his own lawyer. that's all, "happening now." jenna: a lot of great s
mitt romney has hammered president obama about job growth. elect me, i can turn the economy around. but today the rationale for his entire campaign is crumbling. the new job numbers are out and unemployment has dropped to 7.8%. under 8% for the first time since president obama first came into office. that's progress on jobs and that's good for america. but it's absolutely demolishes a favorite romney talking point. >> three years later, unemployment is still above 8%. >> we've gone 41 months with unemployment above 8%. >> we've had 42 straight months with unemployment above 8%. >> still 8% with over 43 straight months. >> today, that talking point disintegrated and president obama has a strong record to campaign on. >> this morning we found out that the unemployment rate has fallen to the lowest level since i took office. but today's news certainly is not an excuse to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> now, governor romney issued a statement today saying, quote, this is not what a rea
the economy is in and under employed situation and, i guess, in general when you step back and think falling to 7.8, that is great news. it is still 7.8% and that is not so great. we still have ways to go. lori: the participation rate rose. the improvement and on employment is not because people are giving up which had been a case in prior months. >> that is definitely the case in this month. the reason twice as many people actually found work. this has been a report where it was good news all around. there was not an aspect that statistically took away the message that is sent. lori: private sector hiring was weaker than expected. >> the payroll survey, which is a more accurate survey, that is the one we focus on, companies paying, in any case, what we saw in september was very much in line with the tepid job growth we have seen over the last couple months. the employment situation is probably not getting any worse, but it certainly does not seem like it is getting any better. at this pace, 125,000, we will just not get sustained decline in the unemployment rate. lori: is it safe to say tha
sure we get there and one of the most recent things was i created a director of the creative economy in the city to focus on tourism. somebody gets up every morning thinking about how we can connect arab manufacturing for example to design new -- as we seek to embrace an economy in the city and my a lot of folks on the council had have no idea what it meant. we really had to educate folks about what that meant and we ended up getting 11 of our counselors to vote in favor of that. in january my third week, i city solicitor who i appointed with confirmation was up for a vote from the city council and what i did on facebook was tomorrow night my solicitor candidate that i appointed will be interviewed and they will take about tomorrow night. can you please shut the meeting and speak in her favor and we got her friends there and her family there and people who didn't know her but supported me so when you pass a city council people are scared to vote against the folks who show up. it has become less about whether you agree or disagree by wanting to appease the people who are showing up. f
. economists say a healthy u.s. economy would have a jobless rate of about 6%. that is shown by the yellow line you see across the chart there. today's report shows the unemployment rate dropped but stayed well above this mark of a healthy economy. so much of this comes to people, how they feel about how they're doing right now. bill: quick check on the health of the economy and how things are going. we'll check out that throughout the morning here. at four minutes past the hour now. governor romney building on momentum of his successful debate performance, taking dead aim at the president's jobs plan. here is governor romney with sean manty last night. >> what i find so offensive about his tax plan, by raising taxes on small business, as he does, he will kill jobs. and right now, what america needs, as much as anything else is more jobs, more jobs more take-home pay. is the whole focus of my campaign. i know what the president's been campaigning on and saying about me is very different than what i actually am, what i actually believe. that is where the difference came. what the president has b
to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> you heard the president. it's no day to talk down the economy to score political points. but shadowing the president in virginia, mitt romney waited nine minutes deep into his scintillating stump speech before even mentioning the big news of the day, delivering it like a speech at a funeral. >> there were fewer new jobs created this month than last month, and the unemployment rate, as you know, to this year has come down very, very slowly. of course, even those that have jobs are having tough times. >> okay. but give mr. romney credit because he actually admits the unemployment rate did come down. unlike prominent conservative jack welch who tweeted this morning, unbelievable jobs numbers. these chicago guys will do anything. can't debate, so change numbers. okay. tuesday he was a ruthless race baiter. yesterday he was a feckless delivery boy. today he's don corleone, and there's more where that came from. congressman west, take it away. >> you are alleging sp
trying to dig the economy out of a massive hole. we were facing this economic collapse and he came into office and he has a long way to go. he needs four more years to make the difference that he's -- that we're starting to make now. and that we just need to believe that his policies do make a difference. he can now point to the data to say, look, they're making that difference. >> so that tells me even though we for so many people, the psychological number, eight, not that we're under the 8% mark in unemployment, do the obama folks think we're not over the hump, economically speaking? >> they concede that and that people are still hurting and what matters to people at home is not some number that the labor department puts out, but their own economic circumstance and whether they have a job, whether they know somebody unemployed and this is very abstract. so people are still hurting. but in terms of the political gamesmanship, 8% is an important marker because when the president passed the stimulus, one of his economists projected, it wasn't a promise, but a projection that 8% woul
of the economy, and where the jobs are now? >> it says, quite frankly, suzanne, that you're seeing steady hiring. not robust hiring, but steady hiring, and when you look at the unemployment rate dropping to 7.8% we know that there are people who are getting part-time jobs. there are people who are starting their own companies or starting to work for themselves from home. that's what is moving those numbers. you see that the private sector added 104,000 jobs, and the government sect or added 10,000. we saw health care jobs created. more than 44,000 there. this has been a trend for a couple of years. about 16,000 jobs lost over there in the manufacturing sector, which is, of course, very, very important to some of these battleground states, suzanne. >> christy, some of the attacks from conservatives, such as jack welch, saying they don't believe the numbers. they believe the books are cooked essentially. explain the process of how we reach these numbers today? >> there's spin, and then there are conspiracy theories, and the spin, which is valid, if spin can be valid, is that, you know, look, you s
enough in this economy to seek or get jobs that's really significant. >> reporter: the nation added 114,000 jobs in september, modest number about wt economists were expecting. the government reported upward revision for july and august. 86,000 jobs added over those two months. after president obama's weak debate performance wednesday, democrats are hoping this positive economic news can be a potential boost. >> the president: today's news certainly is not an excuse to try to talk down the economy to sre a few political points. it is a reminder that this country has come too far to turn back now. >> reporter: mitt romney responded to the jobs report, this is not what a real recovery looks like. former ceo of ge jack welsh ignited a twitter storm this morning when he accused the obama administration of manipulating the numbers for political gain. >> there are always charges of manipulation on either side that's conspiracy thinking. >> reporter: the bureau who put out the jobs report are infrom the political process some republicans say welsh was way of base. karen traver, abc news, washi
't feel like the economy is great. maybe it's a certain percentage. >> right. >> feels like it's getting better, but 63% of the country think things are going in the wrong direction, it might be a mistake for the obama campaign to come out and tout this too much to look like they're praising something that really isn't that good? >> it doesn't seem credible. when you do the math the numbers don't add up. you know, it's funky and it's bogus, bogus labor statistics, bls and i don't think the american people are going to be fooled because they use their common sense, wait a second. i'm not in a job that i should be in. my neighbor's unemployed. my aunt, my uncle, whoever, there. and absolutely, my son won't move out of the house and this is the problem that people are facing. >> he's only six years old. >> i don't tolerate underachievers at all. you get a paper route or something. (laughter) >> what do you think, greg? >> well, it's the democrats celebrating the job numbers like the dawner party celebrating the arrival of ke$ha, and the numbers aren't keeping up with the losses and sinking
in for matt. the jobs report, all about the economy for this election, one of two remaining before election day. both campaign and voters will be keeping a close eye on what it means for the economy. >> big part of the politics right now, and you can betemit romney will be quick to pounce if it shows the same sluggish job growth we've seen in recent months. coming up, we'll talk to cnbc's jim cramer about what we can expect. >>> also, remember that impatient driver we showed you on thursday caught on camera using the sidewalk to get around a crowded school bus. guess what? she got busted. now her mom is coming to her daughter's defense with an explanation you might find a little hard to believe. we will hear from her coming up. >>> all right. you remember this guy, the prankster who posed as a delivery guy, accidentally dropping boxes of the much-anticipated new iphone in front of all those people waiting to get into the apple store. >> oh, no. >> there it goes. we'll meet him this morning and has quite the catalog of pranks, quite the repertoire. we want to start this morning with politics
, profound disagreement. not only about health care, taxes, spending, economy, jobs and trade, and frankly a lot of moral and cultural issues didn't get discussed last night but i'm sure will be, but it's really about two stark choices for very different futures for america. >> cornell, do you agree with that, that it was the most sutantive debate you've seen? >> if you're in a fantasy land, because here, you've got a guy who put out a $5 trillion tax plan and all of a sudden, he disavowed that. you've got a guy who put together a health care plan in massachusetts that we sort of modeled our health care plan off, but all of a sudden, that's fantasy. what you had last night was one of the most clearly blatantly dishonest performances by someone running for the presidency of the united states i think we have ever seen in modern time. >> two very different views, obviously. cornell, appreciate it. ralph, thank you very much. >> thank you. >>> coming up, body language speaks volumes in a presidential debate. i'm often skeptical about this sort of thing but we have a fascinating look at the bod
. there are questions about how we got here. >> it is a confusing report. the economy added 114,000 jobs in september which is actually less than the previous month, but the unemployment rate dropped from 8.1 to 7.8%, so coming up, we're going to talk about all of this, the impact on the presidential race with chuck todd and catch up with jim cramer from cnbc. and get into a new statement from mitt romney that he was completely wrong when he called 47% victims. a change from what he said. >> took a long time to distance himself from the remarks. >>> we will switch gears, ask you if you remember the impatient driver caught on camera using the sidewalk to get around a crowded school bus. guess what, she got busted. her mom is coming to her daughter's defense with an explanation you may find hard to believe. we're going to hear from her coming up. >>> and remember, this guy is a prankster that posed as a delivery guy, accidentally dropping boxes of the new iphone in front of those people waiting in line for the new iphone. we will talk to the prankster later this morning. >>> we start with breaking news
empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. >>> welcome back, everyone. john berman with zoraida sambolin. we are taking a look at what is trending on the internet this morning. >> you had to know this was coming. the restored jesus fresco halloween costume is being shared all over social media. this one was apparently spotted at the festival in atlanta. of course, the costume inspired by the story of an -- where is it? in spain. she took it upon herself to touch up a 19th century painting of jesus christ and turn him into a potato of sorts. she's reportedly demanding royalties for it. she said -- you know, i feel like i have to defend this woman. she says that the priest gave her permission to do this. >> it's an awesome costume. >>> the late-night crowd weighing in on president obama's debate performance. >> a lot of people disappointed in president obama's p
Search Results 0 to 32 of about 33 (some duplicates have been removed)